May 2018

Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at mi@fibre2fashion.com in case you need any other additional information.

The Federal Advisor on Textile, Dr Mirza Ikhtiar Baig has lauded and expressed gratitude towards the Governor of State Bank of Punjab – Shahid Kartar for his instant act of resuming the payment of the duty drawback claims of the textile exporters. This even includes the payments which were made on June 30, 2010.

Under the government's package of Rs 40 billion to be used over a period of five years, the duty drawbacks were sanctioned under National Textile Policy 2009-14, whereby garments were made eligible for a duty drawback of three percent, home textiles for two percent and fabrics for one percent duty drawback.

Dr Baig had raised the issue before the Ministry of Finance and the Ministry has released five billion rupees to the State Bank of Punjab for settling the duty drawback claims of the textile industry.